How the U.S. government is regulating AI
The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna,…
Some lawmakers want to increase the 1099-K tax reporting thresholds
As the year-end approaches, there’s been debate around tax reporting for business transactions on payment apps such as Venmo and PayPal, along with e-commerce companies, such as eBay, Etsy and…
Documents in failed Hunter Biden plea agreement made public
Hunter Biden, son of U.S. President Joe Biden, departs federal court after a plea hearing on two misdemeanor charges of willfully failing to pay income taxes in Wilmington, Delaware, July…
Mega Millions jackpot hits $940 million. This could be the tax bill
The Mega Millions jackpot grew to $940 million on July 27, 2023. OLIVIER DOULIERY | Getty The Mega Millions jackpot has ballooned to an estimated $940 million ahead of Friday’s…
How to know if your business qualifies for employee retention tax credit
brightstars | E+ | Getty Images Small businesses are facing an onslaught of ads, phone calls and emails to help them claim a pandemic-era tax credit. However, experts urge business…
IRS weighs guidance for employee retention tax credit
Erin M. Collins, National Taxpayer Advocate. Source: IRS After a flood of business returns with a pandemic-era tax credit, the IRS is weighing guidance for those who wrongly claimed the…